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About Melanie Cao
Melanie Cao’s research interests include equilibrium asset pricing, derivatives valuation, financial market liquidity, corporate finance concerning bank loan, initial public offering and executive compensation.
Honours
2009-2010, 2006-2007, 2005-2006 Merit Award for excellence in teaching, research and service, Schulich School of Business, York University
2008 Outstanding Paper Award at the 3rd Annual International Conference on Asia-Pacific Financial Markets
2005 - 2006 Nominated for Teaching Award at Schulich School of Business, York University.
1996 Best Paper on Derivative Securities in the Finance Division at the Administrative Sciences Association of Canada’s Conference
Recent Publications
Why Don’t Firms Reward their CEOs with Relative Compensation, International Journal of Advanced Research in Business, forthcoming.
Optimal CEO Compensation with Search: Theory and Empirical Evidence, 2013. Journal of Finance, 68(5), 2001-2058. (with Rong Wang)
Option Market Liquidity: Commonality and Other Characteristics, 2010, with Jason Wei, Journal of Financial Market, Vol. 13, No. 1, 20 – 48.
Valuation of Housing Index Derivatives, 2010, with Jason Wei, Journal of Futures Markets, Vol. 30, No. 7, 660 - 688.
Grants
Project Title Role Award Amount Year Awarded Granting Agency Project TitleCredit ratings for small and medium enterprises RoleCo-investigators Award Amount$240,000.00 Year Awarded2014-2017 Granting AgencyThe Mitacs of Canada Project TitleCommercial Mortgage Backed Securities RolePrincipal Investigator Award Amount$80,000.00 Year Awarded2013-present Granting AgencyMITACS of Canada Project TitleApps for Financial Services RolePrincipal Investigator Award Amount$60,000.00 Year Awarded2013-present Granting AgencyMITACS of Canada Project TitleImpact of Holding Restrictions on the private valuation of company stocks and options RoleCo-Investigator Award Amount$69,000.00 Year Awarded2006-2009 Granting AgencySocial Sciences and Humanities Research Council - Standard Research Grant Project TitleSearch for the optimal executive compensation contract: theoretical and empirical investigations RolePrincipal Investigator Award Amount$43,000.00 Year Awarded2005-2008 Granting AgencySocial Sciences and Humanities Research Council - Standard Research Grant Project TitleFirm’s Financing Decisions and Weather Risk Management RolePrincipal Investigator Award Amount$29,000.00 Year Awarded2000-2003 Granting AgencySocial Sciences and Humanities Research Council - Standard Research Grant Project Title RolePrincipal Investigator Award Amount$ Year Awarded2000-2002 Granting AgencyYork University Schulich School of Business Research Grant Project Title RolePrincipal Investigator Award Amount$5,000.00 Year Awarded1998-2000 Granting AgencySocial Sciences and Humanities Research Council- Internal Seed Grant Project Title RolePrincipal Investigator Award Amount$ Year Awarded1997-2000 Granting AgencyThe Edith Grant for Research at Queen's University Project Title Role Award Amount$ Year Awarded1997 Granting AgencyQueen’s University Research Initiation Grant
Melanie Cao
Program Director, Master of Finance; Professor of Finance
PhD Finance (University of Toronto)M.B.A. Finance & Accounting (University of Ottawa)
M.A. Economics (Huazhong University of Science and Technology (HUST), China)
B.Sc. Industrial Engineering (HUST, China)